Primary insiders have been allocated shares under the Long Term Incentive program

The two performance measures are:

1. Hydro's three-year average adjusted RoaCE relative to Hydro's adjusted RoaCE target.

2. Hydro's 3-year Total Shareholder Return (TSR) relative to a basket of peers. 

The LTI payment is conditional on Hydro having a positive adjusted EBITDA in the previous year. The participants will be required to invest the net amount after tax in Hydro shares, and they must hold the shares for at least three years. 

 The list below set out the primary insiders that on March 10, 2023, have been allocated Hydro shares under the LTI plan at NOK 77.24 per share.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.